Alumina Ltd

Deals With Government, Power Companies Provide Alcoa Australia A Five-Year Respite

Deals With Government, Power Companies Provide Alcoa Australia A Five-Year Respite

Alcoa Australia’s future is secure for another five years after the firm struck deals with electrical providers and the state government that include lower power costs and a A$160 million (US$124 million) aid package. The deals with AGL Energy, Origin Energy, and...

Events

Ferraro Replaces Wasow as Alumina Ltd.’s CEO

Melbourne’s Alumina Limited announced the retirement of CEO Peter Wasow from the company earlier today. Wasow’s successor in the role will be now-former director Mike Ferraro. The firm gave no reason for Wasow’s departure in the announcement. Ferraro, who will be replacing him upon his retirement on May 31, operates a commercial and resource law […]

Higher Power Prices Prompt Partners’ Write Down in Portland Aluminium

Higher power prices negotiated by the operators of Portland Aluminium with AGL Energy have prompted them to write down their stake in the joint venture by a total of USD229 million. Year-end filings by Alumina Ltd indicate that the firm and its partner Alcoa wrote down their stake in the smelter by USD126 million each. […]

AWAC to Close Suriname’s Suralco Refinery

Aluminium producer Alcoa Corporation announced yesterday that it would be closing the Suralco alumina refinery and bauxite mines in Suriname. The firm said in a press release that the mine had been curtailed for over a year prior to this announcement. Alcoa said also that it would not close the refinery’s power source, the Afobaka […]

AWAC Inks First Major Bauxite Supply Agreement with Third-Party Buyer

Alcoa Corporation announced yesterday that its joint venture Alcoa World Alumina and Chemicals (AWAC) has obtained its first significant supply contract with a third party. AWAC has agreed to supply 400 thousand bone dry metric tons (400 million kilograms with zero percent moisture content) from its Huntly mine in Western Australia. Alcoa did not identify […]